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Nov 9, 2012
11/12
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i never said i would fire anybody if president obama got re-elected. what i did say, that if it gets to the point where doing business is so hard on me, i will seriously think of retirement, and of course that would cause the company to further decrease its sales and opportunities. the company will always be there. we have 10,000 villas at 27 resorts in 11 states. they'll always be serviced. there will always be people to check people in, maintain the units. it's just that our sales will cease to continue. >> by the way, would everybody have gotten a raise if romney were elected this week? >> everyone would have gotten a raise regardless of who was elected. two weeks ago i called my entire staff together. i said, i want to double sales this coming year, figure out how we can do it. i still plan to have that same target of doubling sales. however, i am not going to take the risk that is necessary to do it, but i'm going to keep our goals -- i'm going to try to turn lemons into lemonade. hopefully i'll be successful in doing it. >> all right. good luck w
i never said i would fire anybody if president obama got re-elected. what i did say, that if it gets to the point where doing business is so hard on me, i will seriously think of retirement, and of course that would cause the company to further decrease its sales and opportunities. the company will always be there. we have 10,000 villas at 27 resorts in 11 states. they'll always be serviced. there will always be people to check people in, maintain the units. it's just that our sales will cease...
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Feb 15, 2012
02/12
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today tim geithner testified before the senate fans committee defending team obama's election year call for higher taxes on wealthy taxpayers. here he is on corporate tax reform. >> we're going to propose a broad reform that will lower rates, broaden the base and wipe out a very substantial fraction, dozens and dozens and dozens of special tax prercferences for businesses. >> while creating a lot of new ones? >> no. >> the obama budget has a $350 billion tax hike on american companies. that is crazy. and inside that according to the budget is a $150 billion tax hike on u.s. profits overseas, exactly wrong. there is talk about a goebbels minimum tax, which is perhaps where that $150 billion tax hike comes from. that is also wrong. essentially these measures are penalizing american companies operating overseas. it create as double tax on their profits. i don't like any part of that. business is going to hate that. now, let's debate it. we have cnbc contributor, our great friend jared bernstein. we also have steve forbes, chairman and editor in chief of forbes media. gentlemen, thank you.
today tim geithner testified before the senate fans committee defending team obama's election year call for higher taxes on wealthy taxpayers. here he is on corporate tax reform. >> we're going to propose a broad reform that will lower rates, broaden the base and wipe out a very substantial fraction, dozens and dozens and dozens of special tax prercferences for businesses. >> while creating a lot of new ones? >> no. >> the obama budget has a $350 billion tax hike on...
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Jul 27, 2012
07/12
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>> politically, to be honest with you, this federal reserve has to make sure barack obama gets re-elected. if not, it's in trouble with the incoming republican administration. >> hey, aren't they supposed to be apolitical. >> -- to get barack obama re-ele re-elected? in an environment like this, you can't be apolitical and they haven't been apolitical in the last year or so and i don't think they're apolitical going forward. >> steve, thank you very much for joining us. let's get a market flash with brian shactman. >> a slew of stocks gaining momentum and big names that had momentum before we saw the other leg up. look at shares of google. discussion today and chatter about how it reported its first quarter compared to facebook. we know the huge difference. up 3% near the highs of the session. near $19. back the you. >> thank you. >>> coming up next, is wall street turning anti-social? well, if you got in on the facebook ipo, you have lost a good chunk of change. the same for zynga and groupon. is the boom a bust? we'll debate that. plus the pawnshop pop. why secondhand stores are booming
>> politically, to be honest with you, this federal reserve has to make sure barack obama gets re-elected. if not, it's in trouble with the incoming republican administration. >> hey, aren't they supposed to be apolitical. >> -- to get barack obama re-ele re-elected? in an environment like this, you can't be apolitical and they haven't been apolitical in the last year or so and i don't think they're apolitical going forward. >> steve, thank you very much for joining us....
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Nov 6, 2012
11/12
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to hungary if president obama wins re-election. stay with us. this is awesome!o, haha! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >>> welcome back. this is a live picture of voters in virginia. the key swing state has 13 electoral votes up for grabs. now take a look at new jersey voters. this is a live picture in cherry hill. they weren't hit as hard by sandy as coastal and northern new jersey residents. the state has extended the deadline for displaced voters to return their ballots to 8
to hungary if president obama wins re-election. stay with us. this is awesome!o, haha! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. you know, one job or the other. the moment i could access the...
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Oct 11, 2012
10/12
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. >> what do you think about the idea that if president obama got elected it would be easier to get a deal done because he would no longer worship the god of re-election? >> i think one thing that's missed by everybody is no matter who's elected, the math is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math is inexrabble. >> it isn't the same. the math isn't the same. i believe that if you do the right thing, you broaden the tax base, you take away the loopholes, i think that there is a nonstatic aspect. there's economic growth that can make up a difference, which is at the epicenter of that 5 trillion number. >> not just that, they both have very different attitudes about spending. >> but guys -- >> which they've highlighted. >> i think we're at a point now where we've figured out tax cuts don't pay for themselves. >> i disagree. tax cuts that last one year where you don't know what the next two, three, or f
. >> what do you think about the idea that if president obama got elected it would be easier to get a deal done because he would no longer worship the god of re-election? >> i think one thing that's missed by everybody is no matter who's elected, the math is the same. i think it's starting to don on romney there's no free lunch tax cuts. for obama, there's no free lunch from raising taxes either. they're both going to face, i think, very similar realities. as i like to say, the math...
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Aug 22, 2012
08/12
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think if president obama announced those or suggested those, he would win re-election easily. >> you're right. i hate to say it. but it would. >> he's giving you 98% of your tax cut, 98% of the population. this is rhetoric. i'm happy to argue with you. we can't find the growth numbers. >> oh, come on. dave, what are you going to say? you're a growth guy? i'm a growth guy. if a democratic president provides pro growth policy, i'm all for it. he's not going that direction. >> the cbo numbers coming back to dean's point about whether this is spending cuts or tax increases, the cbo numbers show that the spending in 2013 in fy 13 is just as big as in fy 12. when people are talking about the fiscal cliff you have to be careful. they are saying the government is going to keep spending 3.6 trillion dollars and going to increase the taxes. >> let me explain how cbo does the numbers. if you don't increase government spending at least in step with inflation and that's what you are getting here, that's a cut. i don't care what you call it. that's the way cbo models it. i know these people. i work w
think if president obama announced those or suggested those, he would win re-election easily. >> you're right. i hate to say it. but it would. >> he's giving you 98% of your tax cut, 98% of the population. this is rhetoric. i'm happy to argue with you. we can't find the growth numbers. >> oh, come on. dave, what are you going to say? you're a growth guy? i'm a growth guy. if a democratic president provides pro growth policy, i'm all for it. he's not going that direction....
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Oct 2, 2012
10/12
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a ploy by the obama before the election. companies are being told they can disregard the pink slip law before mass layoffs because obama doesn't want to take the wrap for a deal he didn't negotiate. welcome fraud and come on voter fraud. the law may live to see another day. we'll discuss that in a minute. new york attorney general is suing jp morgan. he is alleging that the business that he took over in 2008 defrauded mortgage bond investors. he is in favor of the government b buying it in the first place. it is in sane. campaign politics by the obama administration. here now is mike osanian and our bud l kudlow caucus is still with us. and we welcome steve malanga. senior fellow at the manhattan institute. the whole fellow government wanted jp morgan to buy bear stearns as part of the federal government to avoid a melt down and now they are coming back and suing jp morgan. is this a crude ploy or a popular thing? >> this committee that he sent up to fine banks to cause the melt down, is the first part if you will. their evi
a ploy by the obama before the election. companies are being told they can disregard the pink slip law before mass layoffs because obama doesn't want to take the wrap for a deal he didn't negotiate. welcome fraud and come on voter fraud. the law may live to see another day. we'll discuss that in a minute. new york attorney general is suing jp morgan. he is alleging that the business that he took over in 2008 defrauded mortgage bond investors. he is in favor of the government b buying it in the...
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Nov 8, 2012
11/12
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some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certainly didn't help things either. now, financials selling off as the market anticipates. another obama term could mean financial regulation is here to stay. coal stocks the hardest hit in the wake of romney's loss. we know he was a supporter. and while not all health care names performed well, hospital stocks did soar today, with obama care set to remain in place money will continue to flow to the hospitals. as you can see, your tenet healthcare up almost 10%. larry? >> all right. many thanks. cnbc's courtney reagan. let's turn now to our investors, break down today's huge market sell-off. joining me is henry blodgett, business insider, co-founder ceo and editor in chief. and david goldman is a former head of fixed income research at bank of america, currently president of macro strategy. and jim lacamp, senior vp of investments at ubs. i begin with mr. la camp
some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple's move into correction territory certainly didn't help things either. now, financials selling off as the market anticipates. another obama term could mean financial regulation is here to stay. coal stocks the hardest hit in the wake of romney's loss. we know he was a supporter. and while not all health care names performed well,...
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Jun 5, 2012
06/12
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later, is bill clinton sabotaging president obama's election? maria bartiromo interviews the former president. first, we will talk to the author of the best-selling book "the amateur." bill clinton rips obama in this expose. don't miss this. we'll be right back. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. >>> welcome back to "the kudlo
later, is bill clinton sabotaging president obama's election? maria bartiromo interviews the former president. first, we will talk to the author of the best-selling book "the amateur." bill clinton rips obama in this expose. don't miss this. we'll be right back. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our...
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Jun 11, 2012
06/12
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re-elected. if the court strikes the mandate, upholds the rest of the law we think we have a modest gain in the stocks. we think that encompasses 80% to 90% of the potential outcome. i can't tell you what the court's going to do. we've put our necks out there and said very high probability at least a portion of law is going to be upheld. >> gary, thanks. >> thank you. >> steve grasso, quick trade? >> quick trade. i think the presidential election is just as important as the supreme court hearing on this. and their decision. i think you have to look at that. because if romney wins, all these hospital stocks could just give back everything they just got. >> okay. apple's worldwide developers conference set to kick off in less than 15 minutes. cnbc's jon fortt is live in san fran with what you should be watching for. good to see you. >> reporter: good to see you. there are so many announcements at this year's wwdc. it's a little bit staggering. we haven't seen mac hardware at a wwdc in quite a while
re-elected. if the court strikes the mandate, upholds the rest of the law we think we have a modest gain in the stocks. we think that encompasses 80% to 90% of the potential outcome. i can't tell you what the court's going to do. we've put our necks out there and said very high probability at least a portion of law is going to be upheld. >> gary, thanks. >> thank you. >> steve grasso, quick trade? >> quick trade. i think the presidential election is just as important as...
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Jul 1, 2012
07/12
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the november election is going to be more about competing vigs for health care, the obama vision and the romney vision, and perhaps after that resolution we'll get some certainty. >> so the election, of course, is going to be much about this. already you heard governor romney come out and say, look, you know, if you have to -- if you want to get rid of obama care, get rid of obama, things like that. do you think this is going to be a positive for the republicans or a positive for the democrats? >> i think it's a positive for the democrats because it mean theys didn't waste more than a year of their time in the obama administration. the supreme court has backed them up on the key constitutional issue. so they have something to show that they did in this administration. >> let me switch gears and ask you about this recent petition you brought to the board of the fed, the federal reserve, asking for the removal of jamie die monday from the new york fed, because the new york fed is responsible for veging the losses suffered by jpmorgan chase's disast roust bad trades in london. do you th
the november election is going to be more about competing vigs for health care, the obama vision and the romney vision, and perhaps after that resolution we'll get some certainty. >> so the election, of course, is going to be much about this. already you heard governor romney come out and say, look, you know, if you have to -- if you want to get rid of obama care, get rid of obama, things like that. do you think this is going to be a positive for the republicans or a positive for the...
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May 3, 2012
05/12
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they're uncertain about what happens -- not certain, if obama get elected, what happens, but they're uncertain about who is elected. >> but they want to know why the market is rising in the face of this fiscal cliff that could become a severe retraction. the other side might be the market doesn't believe the politicians will let it happen. there's certainly a belief in the market, in the bond market, that the at the end of the day, when faced with the worst possible outcomes, politicians, despite their proproclivities will do the right thing. >> i have a prediction it's going to be a wild day in the market. >> what's that prediction scott? >> we'll see the jobs report and what the reaction is. >> do i have a smile on my face? >> i don't know. >> come on, man, some convict n conviction. >> the problem is the market takes a while to gather its conviction after the jobs report is released. >> that's true. absolutely. >> there's an initial reaction that isn't always the end of the day reaction. we'll see what happens. >> wimps, all of you. >> anything before we move on? >> i think you ha
they're uncertain about what happens -- not certain, if obama get elected, what happens, but they're uncertain about who is elected. >> but they want to know why the market is rising in the face of this fiscal cliff that could become a severe retraction. the other side might be the market doesn't believe the politicians will let it happen. there's certainly a belief in the market, in the bond market, that the at the end of the day, when faced with the worst possible outcomes, politicians,...
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Sep 13, 2012
09/12
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-- helping the economy and thus helping president obama get re-elected and hurting gopher romney's chances in the presidential contest? thank you. >> well, on the former, i have a lot to do. i'm very focused on my work and i don't have any decision or any information to give you on my personal plans. on the politics, we have tried very, very hard, and i think we've been successful at the federal reserve, to be nonpartisan and apolitical. we make our decisions based entirely on state of the economy and needs of the economy for our policy accommodation. so we just don't take those factors into account. we think that's the best way to maintain our independence and maintain the trust of the public. >> chairman, donna borac with "american banker." community bankers have been very worried about the impact that these rules will have on their banks, especially given the fact that there's been some industry consolidation. and some have even questioned whether or not the fed has actually looked at the impact that the rules would have on smaller sized institutions. so my question for you is, will the
-- helping the economy and thus helping president obama get re-elected and hurting gopher romney's chances in the presidential contest? thank you. >> well, on the former, i have a lot to do. i'm very focused on my work and i don't have any decision or any information to give you on my personal plans. on the politics, we have tried very, very hard, and i think we've been successful at the federal reserve, to be nonpartisan and apolitical. we make our decisions based entirely on state of...
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Apr 2, 2012
04/12
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i think we are looking structurely as a very close election between president obama and mitt romney likely to be a four to six point race now and for the next several months. we'll see what happens at the end when they're fighting over issues like gas prices and other economic matters at the end. >> john, thank you very much. >>> now to shares of groupon, which are continuing to slide after revising the fourth quarter results on friday. kayla tausche joins us with the latest on the daily deals provider. kayla. >> sue, it was a relatively small figure that got restated just about 2% of those deals got refunded. but the big question on everyone's mind is what's stopping this from happening again? and what is next for the upcoming quarter? that disclosure came friday after market close with a company taking a $22.6 million hit to net income which shaved about 4 cents a share off fourth quarter profit. the company has tapped kpmg auditors to reach compliance in its accounting by july 1st. i'm told this by a source familiar with the matter. but there are two problems at work here. groupon first
i think we are looking structurely as a very close election between president obama and mitt romney likely to be a four to six point race now and for the next several months. we'll see what happens at the end when they're fighting over issues like gas prices and other economic matters at the end. >> john, thank you very much. >>> now to shares of groupon, which are continuing to slide after revising the fourth quarter results on friday. kayla tausche joins us with the latest on...
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Nov 6, 2012
11/12
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an exception to the rule, and a big one too. 2008 when barack obama was elected, market was up 4%. now -- >> there was such enthusiasm in the air knowing that president obama was likely going to be elected. >> i'm not trying to read anything either way. >> well, it just seems that way. there was such pride in the air. >> exactly. and today now we get this rally. the s&p is up 0.75%. we have an unusual amount of trading going higher again today. are we trying to read into it? we are not at this particular point. it is interesting to see the market rally the day of the election. we'll watch tomorrow to see what the market does. >> so today, as you're seeing, the s&p 500 up ten point. you can see what's happening this election day. it's all speculation as to why, bill. >> trust me, we've been hearing the spin from both sides. one side says when the market rallies that day, the incumbent wins re-election 90% of the time. when you get the market going down on a particular day, you get change in the wind. you know, who knows? the point we're trying to make here is it's unusual for the ma
an exception to the rule, and a big one too. 2008 when barack obama was elected, market was up 4%. now -- >> there was such enthusiasm in the air knowing that president obama was likely going to be elected. >> i'm not trying to read anything either way. >> well, it just seems that way. there was such pride in the air. >> exactly. and today now we get this rally. the s&p is up 0.75%. we have an unusual amount of trading going higher again today. are we trying to read...
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Dec 12, 2012
12/12
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president obama did not weigh in on the issue, but he was -- he did win re-election. if the president were to call you and say, ben, your country needs your continued stewardship at the federal reserve. we need you to stay and finish the job, see this through, would you consider it? would you do it, and by chance have you had any conversations to that effect with the president or anybody on his team? thank you. >> so to answer the last part, no, i haven't had any conversations. i think the president has got quite a few issues he needs to be thinking about from fiscal cliff to many other appointments and so on. from my own perspective i just -- i really don't have anything to add from the last press conference. i'm very much engaged in this difficult issue that we're discussing today, and i have not been spending time thinking about my own future, so i -- i don't really have anything to add there. >> okay. we'll go to kevin and then katherine and then back over here. >> over here, mr. chairman, thank you. two questions, taking the goldbarb rule into effect, one having
president obama did not weigh in on the issue, but he was -- he did win re-election. if the president were to call you and say, ben, your country needs your continued stewardship at the federal reserve. we need you to stay and finish the job, see this through, would you consider it? would you do it, and by chance have you had any conversations to that effect with the president or anybody on his team? thank you. >> so to answer the last part, no, i haven't had any conversations. i think...
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Feb 29, 2012
02/12
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this is barack obama. he is the most left-wing candidate that -- i mean, candidate for re-election we have ever had. you don't have a right wing candidate against a moderate and i'll tell you, barack obama is far more left wing than santorum is right wing and when you get those two together america votes, i think -- more to the right. >> i understand, but saul, i'll give you the last word. basically, do you believe that mitt romney's economic growth message, not only the 20% tax cut, but reforming entitlements, slashing spending, getting deficits and debt down, do you think that trumps the extreme culture war and is the best way to beat obama? that seems to be the issue this evening. >> absolutely. i think when mitt romney is talking about the economy and he's talking about jobs he's winning. when rick santorum has to bring in democrats, and labor to vote in his favor, republicans all over the country i think will reject santorum's campaign tactics here. this is about the economy. if we focus barack obama
this is barack obama. he is the most left-wing candidate that -- i mean, candidate for re-election we have ever had. you don't have a right wing candidate against a moderate and i'll tell you, barack obama is far more left wing than santorum is right wing and when you get those two together america votes, i think -- more to the right. >> i understand, but saul, i'll give you the last word. basically, do you believe that mitt romney's economic growth message, not only the 20% tax cut, but...
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Jul 6, 2012
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be elected, i would say there is certainly risks to the downside. should the negative feedback loop which began several weeks after that quote that you put on on the show. corporate profit expectations seen to be up 5% in the first quarter and 6% in the second half won't be realized. we'll have downside risks if that's the case. >> doug, i believe steve grosso has a question for you, financials. >> hi, dougie, a lot of discussions about book value, i'm basing out of home builders. you put it in an e-mail so perfectly why jpmorgan is not a value trading below book value. just really quick if you just shoot that out. >> very quickly a combination of zero interest rates, 0 interest rates policy stevie by the federal reserve, global easing around the world is going to keep short-term interest rates to a level where there will be continued pressure on an interest margin so the banking industries which have imbalance, rate sensitive assets over rate sensitive liabilities. that coupled with the fact they will continue after these stupid libor fixing by bar
be elected, i would say there is certainly risks to the downside. should the negative feedback loop which began several weeks after that quote that you put on on the show. corporate profit expectations seen to be up 5% in the first quarter and 6% in the second half won't be realized. we'll have downside risks if that's the case. >> doug, i believe steve grosso has a question for you, financials. >> hi, dougie, a lot of discussions about book value, i'm basing out of home builders....
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Nov 6, 2012
11/12
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lar larry, to this point you'd be saying you thought president obama would win re-election. what's making you change your mind? >> well, we began to look closely at the assumptions in the polls during october, and last sunday we finally made the switch. the consensus view in the polls is a narrow win for the president, but if you look closely, they have an advantage to the democrats in turnout of four points. last time it was seven points. and i really don't think that's very reflective of just how much less democratic the country is today than it was in 2008. you got to remember, '08 was the highest democratic vote in 44 years. so to say you're just backing off three points really doesn't match up with a lot of other surveys. if you look at gallup, rasmussen, they do a monthly review of all their respondents, they don't fiddle around with assumptions, and they found the republicans are likely to have a one-point advantage so i think the consensus polls are off. i base my calls on the numbers and that's what the numbers are telling me. >> larry, because you just connected so
lar larry, to this point you'd be saying you thought president obama would win re-election. what's making you change your mind? >> well, we began to look closely at the assumptions in the polls during october, and last sunday we finally made the switch. the consensus view in the polls is a narrow win for the president, but if you look closely, they have an advantage to the democrats in turnout of four points. last time it was seven points. and i really don't think that's very reflective...
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Nov 19, 2012
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stocks down 5% since president obama was re-elected. retail sales disappointed in october, down .03% for the month. autos particularly hit hard. and it's likely superstorm sandy slowed business at the end of the month. >>> well, he is a rare breed, a wall street insider who has the president's ear. what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring stage? how does this play out? >> i hope it plays out with a deal. i would have probably put it around 80% a deal. but i would have sliced it this way. i would say 50% of that 80 is that they come up with, like, $60 bill
stocks down 5% since president obama was re-elected. retail sales disappointed in october, down .03% for the month. autos particularly hit hard. and it's likely superstorm sandy slowed business at the end of the month. >>> well, he is a rare breed, a wall street insider who has the president's ear. what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment...
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Oct 11, 2012
10/12
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obama wins the election, biden wins the debate, 60 cents on intrade. hospital companies do fine. most dramatically, hospital corporate of america, agency a, is the one most exposed. on the other side, on the other side, companies that would not benefit would be the private health insurance companies. so the health maintenance organizations such as united health and so on. they have suffered. they might suffer more when obama makes a clear win. on the other hand, if romney should win, they would come out all right. as would the medical device companies. because the medical device companies are facing a tax on their sales going into effect next year. there is possible legislation around to remove that tax. if romney wins, it's more likely it'll be removed. >> understood. sam, thanks. >> you're welcome. >> do you have a trade, josh brown? >> yeah. i think you go broad. i've been recommending x lv, sector play. it's getting realitily tough, though, to find so-called cheap pharma stocks. up 22% year to date. one of the best sectors out there. it's getting a little bit slimmer. i still
obama wins the election, biden wins the debate, 60 cents on intrade. hospital companies do fine. most dramatically, hospital corporate of america, agency a, is the one most exposed. on the other side, on the other side, companies that would not benefit would be the private health insurance companies. so the health maintenance organizations such as united health and so on. they have suffered. they might suffer more when obama makes a clear win. on the other hand, if romney should win, they would...
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Nov 1, 2012
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. >>> elsewhere president obama resumes its election campaign duties today. he's ahead of mitt romney in three key states according to the latest "wall street journal" nbc poll. but the majority of the swing states are still there for the taking. it's shaping up to be one of the closest races in history. >> using new methodology, adp's revised calculations for the monthly job reaction at down from 162,000 the firm originally reported. october's figure is due out today. and washington's official nonfarm payroll on friday, of course. analysts are expecting around 15,000 jobs to have been created in october and a slight uptick in the job let last. did you see that story that said if you have a smartphone, blackberry, your company gets an extra 460 hours out of you a year. there is one or two that we get even more time on their blackberries, but seriously, i was looking at my smartphone and there are comments from our viewers saying come on, viewers in the states are not so stupid as to change their mind in the last couple days given what chris christie said. the
. >>> elsewhere president obama resumes its election campaign duties today. he's ahead of mitt romney in three key states according to the latest "wall street journal" nbc poll. but the majority of the swing states are still there for the taking. it's shaping up to be one of the closest races in history. >> using new methodology, adp's revised calculations for the monthly job reaction at down from 162,000 the firm originally reported. october's figure is due out today....
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Aug 9, 2012
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. >> and wall street supported obama's election four years ago, this year not as much. >>> speaking of the white house, jared bernstein says taxes should be raised on all americans because we're under taxed. >> you never know what will happen on the floor of the new york stock exchange. he plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. this is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. get it and you're in. with special perks on united. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world.
. >> and wall street supported obama's election four years ago, this year not as much. >>> speaking of the white house, jared bernstein says taxes should be raised on all americans because we're under taxed. >> you never know what will happen on the floor of the new york stock exchange. he plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on...
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Jul 18, 2012
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re-election bid from him come fall? look, if you -- if all you really knew was the state of the economy right now, which looks like last year, gdp growth of 1.7%, unemployment around 8%, that is looking like what 2012 will be. i'm worried that's what 2013 will be. if that's all you knew, you would think this president was in big trouble and his approval ratings have been unable to get above high 40s, 47, 48%. if i'm the white house i would do exactly what they're doing, which is to try to make mitt romney unelectable, disqualify him, tell voters, listen, this guy is not a guy you want as president. you may not be thrilled with me, but mitt romney is a guy who -- he's kind of a coldings vulture capitalist, outsources job, disqualify him and make him unelectable so people don't have a choice. i think the obama campaign is really doing exactly what it should be doing. though i would say, i would not pay real close attention to any polls before the first presidential debate in october. i would pay attention to the state of
re-election bid from him come fall? look, if you -- if all you really knew was the state of the economy right now, which looks like last year, gdp growth of 1.7%, unemployment around 8%, that is looking like what 2012 will be. i'm worried that's what 2013 will be. if that's all you knew, you would think this president was in big trouble and his approval ratings have been unable to get above high 40s, 47, 48%. if i'm the white house i would do exactly what they're doing, which is to try to make...
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Oct 11, 2012
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year because now they're not worried so much about re-election. they don't have to worry so much about making friends with everyone, that they can go back to doing what maybe they need to do, which is back off on the fed. if we lose that fed juice, then the market could pull back. but that's next year. i think right now going into the end of the year, i think the market's going to do quite well. >> you're not worried about the fiscal cliff? some people have -- goldman sachs and morgan stanley have specifically looked at the fiscal cliff and said it's decidedly problematic for the fourth quarter and the s&p could fall from here. >> that's if the fiscal cliff happens. i really don't think they're going to let that happen. i think we'll see the same kind of drama we saw around government shutdown where is they tiptoe and dance all the way up until the last minute and then get it done. we already know they're having meetings right now figuring out the end to that crisis. so i think that we're going to build it up and build it up and it's all going go
year because now they're not worried so much about re-election. they don't have to worry so much about making friends with everyone, that they can go back to doing what maybe they need to do, which is back off on the fed. if we lose that fed juice, then the market could pull back. but that's next year. i think right now going into the end of the year, i think the market's going to do quite well. >> you're not worried about the fiscal cliff? some people have -- goldman sachs and morgan...
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Oct 26, 2012
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and if we get a re-election of president obama, we could see a mau market just muddling along the way it has been. >> romney victory, jack, i know you're a supporter, but what's the theory? >> i'll explain that. it's not the question of earnings. the earnings are earnings. we see the numbers be contracted, two of the biggest consumer stocks reporting worse than expect earning. what you are going to see, an expansion of the multiple. right now we have a suppressed multiple. 13, 14 on the market. that is an indictment on policy or lack of policy that's coming out of washington. that's the difference between say a reagan administration or even a clinton administration. doesn't have to be a republican where you've got multiples up around 20 or 25 to earnings. if we had a 20 multiple on the market with 100, 105 dollar earnings, we'd be at 2,000. that's really how we have to think. it's an expansion of the multiple, the psychology of the marketplace. >> jack, have a great weekend whenever it starts for you. remember of course that gdp number coming out at 8:30 eastern. finally before we go
and if we get a re-election of president obama, we could see a mau market just muddling along the way it has been. >> romney victory, jack, i know you're a supporter, but what's the theory? >> i'll explain that. it's not the question of earnings. the earnings are earnings. we see the numbers be contracted, two of the biggest consumer stocks reporting worse than expect earning. what you are going to see, an expansion of the multiple. right now we have a suppressed multiple. 13, 14 on...
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Apr 26, 2012
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and we are still over that mark with 193 days to go before election day. where does president obama stand on the economy? and how does mitt romney want to go at that? lots of questions. and some answers at this hour. we start though with those auto numbers and phil lebeau live in chicago. phil. >> tyler a blowout quarter for chrysler. not surprising given the strength we've seen in sales as they picked up 2% market share in the quarter. net income $473 million. more than quadruple from a year ago. net revenue up 25%. operating profit up 55%. the company did say in a conference call it is unlikely to complete an ipo this year. sergio during the conference call said, listen, i have no complaints at all. chrysler's firing on all cylinders. the launch of the dodge dart next month is expected to drive q-2 earnings as they move into a segment of the car industry they were not in in the past year in the u.s. look at shares of fiat. clearly a company operating two levels. the fiat part struggling in europe, chrysler doing very well here in the u.s. other auto earn
and we are still over that mark with 193 days to go before election day. where does president obama stand on the economy? and how does mitt romney want to go at that? lots of questions. and some answers at this hour. we start though with those auto numbers and phil lebeau live in chicago. phil. >> tyler a blowout quarter for chrysler. not surprising given the strength we've seen in sales as they picked up 2% market share in the quarter. net income $473 million. more than quadruple from a...
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Aug 31, 2012
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re-election chances if oil spikes. so, i think that's why he's purposely being cute about qe-3. >> all righty, mohamed el erian from pimco joins us for a first on cnbc. good to see you. >> thank you, michelle. >> do you agree with the market assessment that qe-3 looks pretty much baked in? >> yeah, i do. i would put it higher than steve's two-third. why? bernanke has a robust defense, and he told us the problems were cyclical and not structural and finally he told us the costs are containable, they're manageable. so, in my opinion he is laying the ground for more activism from the fed. >> do you believe that the fed helped create 2 million jobs? >> i have some problems with the number. what i do believe is the fed is repressing interest rates, keeping them artificially low, and that is having a mainly financial market impact differentiated, much more differentiated than what the reaction is so far today. but it is having a financial market impact, transitioning to the real economy is more problematic. >> based on what
re-election chances if oil spikes. so, i think that's why he's purposely being cute about qe-3. >> all righty, mohamed el erian from pimco joins us for a first on cnbc. good to see you. >> thank you, michelle. >> do you agree with the market assessment that qe-3 looks pretty much baked in? >> yeah, i do. i would put it higher than steve's two-third. why? bernanke has a robust defense, and he told us the problems were cyclical and not structural and finally he told us the...
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Jun 14, 2012
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oil low and after the election, bang? >> no. what is the crude embargo event >> with iran. >> yes. on iran. so now if you're looking at that being an issue, there's already countries not abiding by it. forget about the meeting with the saudis. is there a push to say to the other countries please abide by the embargo? i'm not a huge conspiracy guy. it's a tail wind to the american people. we have a vested interest to keep -- >> you're right. for sure. this is the best stimulus we have seen. gas prices at the pump come down. for the american consumer, it's phenomenal. think about the people selling the oil. there's people talking to the saudis about this from venezuela to algeria. they want the price at $100. i'm not saying it's good for the economy but one thing you're not considering is an attack on iran. due to the nuclear situation. not just the embargo. what part in the event of an attack on iran? that sends oil way back over $100. >> for sure. what is your trade here, mike murphy? >> killer, when's up, buddy? >> hey.
oil low and after the election, bang? >> no. what is the crude embargo event >> with iran. >> yes. on iran. so now if you're looking at that being an issue, there's already countries not abiding by it. forget about the meeting with the saudis. is there a push to say to the other countries please abide by the embargo? i'm not a huge conspiracy guy. it's a tail wind to the american people. we have a vested interest to keep -- >> you're right. for sure. this is the best...
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Nov 1, 2012
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president obama's touring sandy's devastation in new jersey. could his leadership during the storm give him an edge on the election? donald trump a big supporter of mitt romney will join us and weigh in on that. >>> then, how much will sandy end up costing the insurance industry? aig ceo robert benmosche is with me in an exclusive. stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550
president obama's touring sandy's devastation in new jersey. could his leadership during the storm give him an edge on the election? donald trump a big supporter of mitt romney will join us and weigh in on that. >>> then, how much will sandy end up costing the insurance industry? aig ceo robert benmosche is with me in an exclusive. stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading...
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Oct 22, 2012
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if obama is re-elected we won't bomb iran. iran will get a nuclear weapon. let that be the headline for what the obama second term will mean. israel will be gone and iran will be in control of the entire middle east, including saudi arabia. >> guess what? >> saudi arabia is dying for us to bomb iran and take out their nuclear capacity and if obama is re-elected don't count on that happening. iran will have nukes. >> the challenge america has around the world is not that we haven't used our military might enough. the challenge that we have around the world is we haven't engaged around the world. we haven't listened around the world and we've used our military might -- >> those are just the talking points. >> we've got to get out of here and you guys are going to watch the debate. i thought the whole point was to make iran believe that the united states would use military power, and once we take that off the table we have even less leverage than we have now. not to say we're just going to talk one-on-one alone without telling israel but to use our military lev
if obama is re-elected we won't bomb iran. iran will get a nuclear weapon. let that be the headline for what the obama second term will mean. israel will be gone and iran will be in control of the entire middle east, including saudi arabia. >> guess what? >> saudi arabia is dying for us to bomb iran and take out their nuclear capacity and if obama is re-elected don't count on that happening. iran will have nukes. >> the challenge america has around the world is not that we...
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Apr 3, 2012
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also still to come, will president obama coast to re-election. our guest says don't bet on it. > >>> just a few notes out of spain. xwroes debt issuance 186 billion and also a probing launch by the eu. opened investigations in to the way motorola licenses patents follows complaints from apple and microsoft. so the commission is going -- this is just breaking. the commission will assess whether motorola has abusively used certain of its standard patents to distort competition. apple and microsoft both complained so the eu will launch an investigation. there we go. that may impact motorola stock at the open. >> we'll continue to follow those headlines. and the race for the white house also shifting to the midwest, mid-atlantic states today with primaries in wisconsin, maryland and washington, d.c. the candidates are focusing efforts on the badger state. wisconsin is a winner take all cop test with 42 delegates up for grabs. and mitt romney is leading in the polls there. he's also halfway to clinching the gop nomination with 572 total delegates afte
also still to come, will president obama coast to re-election. our guest says don't bet on it. > >>> just a few notes out of spain. xwroes debt issuance 186 billion and also a probing launch by the eu. opened investigations in to the way motorola licenses patents follows complaints from apple and microsoft. so the commission is going -- this is just breaking. the commission will assess whether motorola has abusively used certain of its standard patents to distort competition. apple...
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Apr 11, 2012
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if you don't, please say no, but the election is now in full swing. romney versus obama. how does this figure into your thinking? >> well, i think for the market standpoint, they don't pay a lot of attention to it until post labor day. but then we're going to worry about the fiscal cliff of january 1 next year and what the policies are going to be. i think we're starting to see two different sets of policies and as you know, not just about romney and obama. it's the house and more importantly, the senate. >> in trade, the global investing pay to trade service, they have obama winning, 60% chance of victory. but i want to ask you, tell me no if you don't want to go here, but which is is the most market friendly candidate? >> in my judgment, looking for reform, general reform, pro growth initiatives, i think everything on paper so far is more romney favorable than president obama. >> do you wait to pull any triggers? this one may go down to the wire. >> in the medium term, it's going to be about economic news, europe's on the front page, what's china's landing look like. >>
if you don't, please say no, but the election is now in full swing. romney versus obama. how does this figure into your thinking? >> well, i think for the market standpoint, they don't pay a lot of attention to it until post labor day. but then we're going to worry about the fiscal cliff of january 1 next year and what the policies are going to be. i think we're starting to see two different sets of policies and as you know, not just about romney and obama. it's the house and more...
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Jul 16, 2012
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if obama is re-elected we have recession in 2013. >> joe, i interviewed alan greenspan last week. an interesting point. he was not predicting recession. but he said because of the massive deficits we are facing for a variety of reasons, health care entitlements, you name it. people worry we can't pay our bills, that we have to jack up taxes. joe, greenspan said people aren't making long-term investments in structures, factories. they are not buying homes for the long run. this is holding back employment and this is why sales are slumping as we see today. is greenspan right? how big a problem is this going to be? >> certainly he's onto something if you talk to business people. they say the same thing. they say the fiscal cliff is an inhibitor to hire. if we look at the university of michigan consumer sentiment data we see the very weak readings on sentiment largely reflect a lack of confidence in government policies as they are generally defined. i think he's onto something. it's hard to quantify. diane is right. we have a muddling through environment. because the corporate sector
if obama is re-elected we have recession in 2013. >> joe, i interviewed alan greenspan last week. an interesting point. he was not predicting recession. but he said because of the massive deficits we are facing for a variety of reasons, health care entitlements, you name it. people worry we can't pay our bills, that we have to jack up taxes. joe, greenspan said people aren't making long-term investments in structures, factories. they are not buying homes for the long run. this is holding...
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Dec 1, 2012
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and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >> we have. we've seen multiple versions of the quote obama's enemies list. we saw the truth team, we've seen the white house work directly with the media matters to smear certain people that they don't like. and now we're seeing president obama say he has a naughty and nice list in order to make the nice list you have to push through his $1.6 trillion tax increase. so i think there'll be a lot of democrats who are actually making the naughty list this year. >> if he had actually come out with a program that had some spending cuts and some entitlement cuts instead of all tax increases, katy, maybe he'd be havin
and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >>...
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Jun 5, 2012
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why he thinks president obama has a better strategy to deal with the deficit than mitt romney. it's all ahead on this edition of the "closing bell." he did discuss europe. this was one of his most important issues. >> the weakness in stocks is attributable to what is going on in europe. is it something to be bought or do you avoid it? we have one strategist going all in here. plus, the emergency talks on europe as concerns grow that the debt crisis could spiral quickly out of control. one official was quoted today assaying it's not a matter of weeks on the spanish bank issue. it's a matter of days that they come up for a solution for that. the market is holding up. >> ready in days, not in weeks. breaking it down with courtney reagan, a portfolio asset management. lee, let me kick this off with you. europe is really dictating the markets in the united states. how do you make money on the european situation, if at all? >> you know, i would say the first thing to do is don't buy anything in europe. if anything, i would look at germany as far as the index of germany. i think it's
why he thinks president obama has a better strategy to deal with the deficit than mitt romney. it's all ahead on this edition of the "closing bell." he did discuss europe. this was one of his most important issues. >> the weakness in stocks is attributable to what is going on in europe. is it something to be bought or do you avoid it? we have one strategist going all in here. plus, the emergency talks on europe as concerns grow that the debt crisis could spiral quickly out of...
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Nov 6, 2012
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in 2008 when obama was elected the dow surged 3%. on the day we are following polls' performance since the last presidential debate. we head to the pit for a look at where traders think gold is going based on who wins. we told you that along with everything else on wall street today. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's ju
in 2008 when obama was elected the dow surged 3%. on the day we are following polls' performance since the last presidential debate. we head to the pit for a look at where traders think gold is going based on who wins. we told you that along with everything else on wall street today. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates...
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Mar 14, 2012
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that's why when you look at team obama and they look at where their coalition has changed and eroded, it's the working-class voters that republicans have been doing increasingly well with in recent elections that they're significantly concerned about. >> although -- wait a second. i was listening to npr this morning. they pointed out that romney has taken very specific shots union leaders and if they're not motivated to come out and vote for president obama, main maybe they would be motivated by whoever get this nomination, if it's romney, be motivated by the idea that the republican nominee mayic take some very direct attacks at unions. >> becky, that's what's so fascinating about this race. mitt romney has a disproportion at appeal up the income scale, right? more affluent voters are receptive to him than blue collar voters. the same is true for president obama. he won voters, over 200,000 in 2008. he's got a problem with blue collar, white working-class voters. so does mitt romney. so their strengths and weaknesses, there's an interesting intersection, and each guy is going to try
that's why when you look at team obama and they look at where their coalition has changed and eroded, it's the working-class voters that republicans have been doing increasingly well with in recent elections that they're significantly concerned about. >> although -- wait a second. i was listening to npr this morning. they pointed out that romney has taken very specific shots union leaders and if they're not motivated to come out and vote for president obama, main maybe they would be...
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Mar 13, 2012
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but what i'm saying is i talked last night to various obama election campaign officials about this number, and what i heard was jeff geren who his firm does "the wall street journal" poll, works for the obama super pac. he said nobody should forget that nothing is set in cement about this election. so volatility is inherent in this election and it's one of the reasons -- we were just talking about mitt romney in the south and rick santorum and newt gingrich. why does newt gingrich want to stay in this race even though it looks like he's a no-hope candidate? because of all the voluatility n this election cycle. why does mitt romney have a chance to win these deep south states when people thought he had no shot? we have a volatile election season and nobody can predict with any confidence what will happen one week to the next. >> what's the reason for the rising disapproval rate, or the dropping approval rate, i guess i should say? >> for obama? >> yeah. >> most people are attributing it to gas prices and -- honestly, i don't know. i was very surprised by that because just a week ago we had
but what i'm saying is i talked last night to various obama election campaign officials about this number, and what i heard was jeff geren who his firm does "the wall street journal" poll, works for the obama super pac. he said nobody should forget that nothing is set in cement about this election. so volatility is inherent in this election and it's one of the reasons -- we were just talking about mitt romney in the south and rick santorum and newt gingrich. why does newt gingrich...
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Oct 4, 2012
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obama is never a fan of the banks. you don't want to overweight the group on his re-election. listen to this confused clip from romney. >> we have to have regulation in wall street. that's why i'd have regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. >> that's what i call a head scratcher. speaking of unintended consequences, the big five are all up huge today. he was angry that obama coddled them. he talked about how dodd/frank imperiled community banks. all banks went up to day on perspective of romney swing and lighter regulatory scheme, i wouldn't chance it with the internationals. instead i'd stick with wells fargo viewed as domestic bank or go with really the true community banks, huntington bank, u.s. bancorp or heath. take a romney kicker any day of the week. throughout the night romney repeatedly claimed he was the real friend of small business. even as we know saying something bad about small business has become new third rail of american politics. this comment is typical. >> there's a survey done of small businesses acr
obama is never a fan of the banks. you don't want to overweight the group on his re-election. listen to this confused clip from romney. >> we have to have regulation in wall street. that's why i'd have regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. >> that's what i call a head scratcher. speaking of unintended consequences, the big five are all up huge today. he was angry that obama coddled them. he talked about how dodd/frank...
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Feb 9, 2012
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one is a poll inside the party and the other is the general election polls and one of the things you have not talked about that helped santorum, that poll that was done, that showed that among hike ikely voters he was leading obama by a point. i have to leave it there. >> appreciate your contributions, coming up on "the kudlow report" should investors be bowing to ben bernanke for the stocks rally? i have a little disagreement and don't forget, free market capitalism is the best path to prosperity, the question is which republican candidate can make that case prescriptively. we will be back. you can take care of virtually >>> the most popular lead story on cnbc.com thanks the federal reserves easing policy for one of the best stock market rebounds yet for the fast few years. another hugely important thing, profits. i call them the mother's milk of stocks and i want to debate this proposition or at least round it out. let's go to michael farr, and author of "the arrogane cycle" okay, i don't disagree jeff that the fed is important and the fed has of course been a tail wind for stocks,
one is a poll inside the party and the other is the general election polls and one of the things you have not talked about that helped santorum, that poll that was done, that showed that among hike ikely voters he was leading obama by a point. i have to leave it there. >> appreciate your contributions, coming up on "the kudlow report" should investors be bowing to ben bernanke for the stocks rally? i have a little disagreement and don't forget, free market capitalism is the best...
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Jun 18, 2012
06/12
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let's speak to the election. this is a severe setback for the obama administration. when and if the military exercise takes place it is clearly in the face of the obama administration's negotiations with iraq. putin played a strong card. >> thank you, john baxter. we'll leave it there. thank you for that inside diplomatic analysis. that's it for tonight. thanks for watching, everybody. i will undergo back surgery tomorrow. i will be off for the next couple of days. wish me luck. pray for me if you will. my friend joe kernan will fill in. a little back surgery and then i'm pack on the tennis court. wish me lucks and your prayers, folks. i'm larry kudlow. i hope to see you a week from tonight. when i found out my irregular heartbeat put me at 5 times greater risk of a stroke, my first thoughts were about my wife, and my family. i have the most common type of atrial fibrillation, or afib. it's not caused by a heart valve problem. i was taking warfarin, but my doctor put me on pradaxa instead to reduce my risk of stroke. in a clinical trial, pradaxa® (dabigatran etexila
let's speak to the election. this is a severe setback for the obama administration. when and if the military exercise takes place it is clearly in the face of the obama administration's negotiations with iraq. putin played a strong card. >> thank you, john baxter. we'll leave it there. thank you for that inside diplomatic analysis. that's it for tonight. thanks for watching, everybody. i will undergo back surgery tomorrow. i will be off for the next couple of days. wish me luck. pray for...
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Oct 3, 2012
10/12
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so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation, that's important new medicines for grieve vus illnesses. and another theme that will be with us regardless of who the president is and who controls the senate and house is cost of health care. yes, i would submit to you that if romney wins, it's going to have a knee jerk response to a few of those sectors, but what i'm really talking about and what we're focused on is things we think will unfold over the next many years. >> among your top five holdingses you have gilead in there, so that goes toward the technology and development of drugs. how about some of the other
so the consensus you view obviously is that obama will win. and if that occurs, the reform as essentially written will go into place. if romney/ryan win, i think all bets are off. >> so if romney wins, you have to change your investment thesis and your ideas for what stocks could work in a romney administration? >> no, not really. you've had me on the program several times and i consistently try to talk about did your only investment themes. and that's one category is innovation,...
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Mar 1, 2012
03/12
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president obama has been running in the general election for the last year, so he can be above the fray, hammering our candidates, hammering our policies and beliefs while our guys are in the mud killing each other. it has been unfortunate for the party, i don't think it makes us stronger, i think it's weakened us. having said this, this president is so bad and so weak i think we have an excellent chance to beat him this november. >> i was trying to figure it out, newt got mad because of -- >> what's different in the primaries? >> it's a two-fer pac money? used to be if you weren't doing well your fund-raising dried up. >> if you didn't win. >> if you didn't win so he's lost a few but got 10 million and goes crazy with ads but romney went crazy on him with the negative ads. >> that's still the case. whatever money either candidate gets directly or in the super pac they use to pour on the head of their leading opponent. it's really tragic. part of it is money but also the fact that our candidates have lost sight of the ball which is president obama. republicans overwhelmingly understand
president obama has been running in the general election for the last year, so he can be above the fray, hammering our candidates, hammering our policies and beliefs while our guys are in the mud killing each other. it has been unfortunate for the party, i don't think it makes us stronger, i think it's weakened us. having said this, this president is so bad and so weak i think we have an excellent chance to beat him this november. >> i was trying to figure it out, newt got mad because of...
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Sep 20, 2012
09/12
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hot stocks say it's going to be obama. i am nothing if not fair, balanced and honest about this story. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome back to the ckudlow report, in this half hour, why is the top wall street executive switching to romney this year to president obama. what does he know that he didn't know then? >>> and is fai
hot stocks say it's going to be obama. i am nothing if not fair, balanced and honest about this story. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one...
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Aug 27, 2012
08/12
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if the election were tomorrow, president obama would be re-elected. mitt romney has plenty of time to close the deal through these debates, through the convention speech to make a case to the american people that he's the man with the plan. >> persuade people he's a turnaround guy who understands the problem and that his biography supports his policy. i think you've got to go both ways. steve, you are the best of the best. thanks. >> thanks, larry. >> all of our great guests, you honor us. we'll be back from day one of the republican national convention tomorrow. congressman jeff henserling and ron paul among our guests. i'm larry kudlow. my volt is the best vehicle i've ever driven. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love
if the election were tomorrow, president obama would be re-elected. mitt romney has plenty of time to close the deal through these debates, through the convention speech to make a case to the american people that he's the man with the plan. >> persuade people he's a turnaround guy who understands the problem and that his biography supports his policy. i think you've got to go both ways. steve, you are the best of the best. thanks. >> thanks, larry. >> all of our great guests,...
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Aug 13, 2012
08/12
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supporters are uniformly against obama in this election, thinking he's bad for the economy. they're all willing to a person to pay more in taxes. they just want to be sure that it's going go into the right place. so it's not the rich getting richer. >> jared, let me just add to that. you know, this does -- this pick of paul ryan, it absolutely focuses the debate squarely on the economy now. can the -- does the president have a problem running on his record in terms of the economy? >> you know, i've spoken to business folks who express the same views you just heard and i've tried to understand them, but a couple of facts for the case. first of all, if you actually look at how the market itself has done, if you look at corporate profits, they've done extremely well under the president and, in fact, much better than the middle class has dub, so i always find that a bit of a head scratcher. i understand things like regulation, let's say dodd/frank. that's something that romney and ryan would appeal and oppose and a lot of people don't like that kind of oversight, but the fact is
supporters are uniformly against obama in this election, thinking he's bad for the economy. they're all willing to a person to pay more in taxes. they just want to be sure that it's going go into the right place. so it's not the rich getting richer. >> jared, let me just add to that. you know, this does -- this pick of paul ryan, it absolutely focuses the debate squarely on the economy now. can the -- does the president have a problem running on his record in terms of the economy?...
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Aug 21, 2012
08/12
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if it was up to them, the election would be over. >> 56% would vote for romney, 36% would vote for obama. obama, by the way, counters that with a 17-point lead nong those who work for the government. on the public payroll, they support obama. entrepreneurs goes to the other direction. >> who's got the -- do private entrepreneurs have nor votes or public union workers? >> there are more entrepreneurs. and really, this defines the whole issue. what is your issue of what drives the economy? the entrepreneurial free enterprise system or is it the government? is is that's the deciding point in the election, it's very good news for mitt romney. >> if you ask me, it's the entrepreneurs. oh, i thought you were asking me a question. >> i knew that one. i knew how you would answer. >> all right. let me ask you another poll on your website today. the majority of voters want lower taxes and lower spending in order to improve the economy. >> well, larry, i will ask you a question. what's the difference between you and me. the answer is, you lived in a year when government spending went down in americ
if it was up to them, the election would be over. >> 56% would vote for romney, 36% would vote for obama. obama, by the way, counters that with a 17-point lead nong those who work for the government. on the public payroll, they support obama. entrepreneurs goes to the other direction. >> who's got the -- do private entrepreneurs have nor votes or public union workers? >> there are more entrepreneurs. and really, this defines the whole issue. what is your issue of what drives...
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May 4, 2012
05/12
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they have -- there was a reset in their election, they had an election that they lost so this is really terrific for president obama to look at the things that work well for the candidates there but tweak them. this is also a great opportunity for the american economy because there are going to be interest companies on the cheap that we may have an opportunity to buy, merge together. this is a real opportunity for the president and also for our markets. that is not a winning message. >> is he losing that, morris? is he losing his focus on the economy, morris? >> well, sometimes they get a little distracted but i think on sunday when the outcome of that election will refocus their energy again on the economy. you have a guy like sarkozy who had a real opportunity to change france and he missed it. >> yeah. >> i don't think president obama is going to learn much about campaigning and politics for the french election. he's a subperson campaigner, he's proven that. i am worried that the left will draw the wrong lesson and say, we need to spend more money we're on the fourth year of our call
they have -- there was a reset in their election, they had an election that they lost so this is really terrific for president obama to look at the things that work well for the candidates there but tweak them. this is also a great opportunity for the american economy because there are going to be interest companies on the cheap that we may have an opportunity to buy, merge together. this is a real opportunity for the president and also for our markets. that is not a winning message. >>...